Introduction
The Corporate Notice Deposit is the product where the depositor does not confirm deposit tenor upon depositing but needs to inform the bank of the withdrawal date and amount before the fund withdrawal.
Category
1. One-day Notice Deposit: to advise the bank for withdrawal one day in advance.
2. Seven-day Notice Deposit: to advise the bank for withdrawal seven days in advance.
Interest Rate
The interest is computed upon the withdrawal date as per 1-day or 7-day notice deposit rate published by the People's Bank of China and the actual length of the deposit period.
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